Hurco Companies, Inc.

Industrial CNC Machine Toolshurcocompaniesinc.gcs-web.com

Hurco Companies designs and manufactures CNC machine tools, interactive PC-based controls (including its proprietary WinMax system), and automation solutions for the metalworking industry, selling a three-brand platform (Hurco, Milltronics, Takumi) to job shops, short-run corporate manufacturers, and production-oriented manufacturers globally.

Company typePublic
Founded1968
HeadquartersIndianapolis, United States
Headcount—
GTM typeB2B
OfferingHardware or Manufacturing

What Hurco Companies, Inc. does

Hurco Companies, Inc. is an Indianapolis-based industrial technology company, founded in 1968 and listed on NASDAQ under ticker HURC, that designs and manufactures computerized CNC machine tools, interactive PC-based control systems, and automation solutions for the worldwide metal cutting and metal forming industry. The company operates a three-brand product platform: Hurco and Milltronics machines carry its proprietary WinMax interactive controls and patented conversational programming software developed in-house, while the Takumi brand uses third-party industrial controls. The portfolio spans toolroom machines, 3-axis and 5-axis vertical milling machines, electro-mechanical components from the wholly-owned Italian subsidiary LCM Precision Technology S.r.l., and automation solutions designed to integrate with both Hurco and third-party equipment.

The underlying technology is differentiated by its emphasis on operator-friendly controls: microprocessor-based interactive systems paired with patented conversational programming software allow production-floor operators to convert blueprints or CAD designs into machining programs without advanced programming skills. An open systems software architecture supports standard PC hardware. Manufacturing is concentrated in Taichung, Taiwan, with additional operations in Italy and the U.S., while sales, application engineering, and service reach customers through wholly-owned subsidiaries in 12 countries plus indirect distributors.

Hurco generates revenue primarily through hardware sales of CNC machine tools and components, supplemented by service fees from after-sale support, application engineering, and maintenance. Its three target customer segments — independent job shops, short-run operations within large corporations, and production-oriented manufacturers — span end markets including aerospace, defense, medical equipment, energy, transportation, and computer equipment. The company is debt-free with over $50 million in cash and is currently executing through a cyclical industrial downturn that is showing early signs of recovery in the most recent quarter.

Hurco Companies, Inc. firmographics

Firmographics

Name: Hurco Companies, Inc.
Legal name: Hurco Companies, Inc.
Website: https://hurcocompaniesinc.gcs-web.com
Company type: Public
Founded year: 1968
Operating status: Operating
Short description: Hurco Companies designs and manufactures CNC machine tools, interactive PC-based controls (including its proprietary WinMax system), and automation solutions for the metalworking industry, selling a three-brand platform (Hurco, Milltronics, Takumi) to job shops, short-run corporate manufacturers, and production-oriented manufacturers globally.
Ownership category
akta.pro rank

Hurco Companies, Inc. industry classification

Industry

Product category: Industrial CNC Machine Tools
NAICS: Machine Tool Manufacturing (333517)
SIC: Machine Tools, Metal Cutting Types (3541)
akta.pro primary industry: CNC Machine Tools (Turning, Milling, Machining Centers) (IMAHADAA)
akta.pro secondary industries: Industrial Controllers & Control Systems (PLCs, PACs, CNC Controllers) (IMAHAHAH), Motion & Machine Control (CNC, Robotics Controllers, Servo/Motion Controllers) (IMAGABAG)

Keywords

CNC machine tools
Computer control systems
Conversational programming software
Metalworking machinery
Industrial automation solutions

Where Hurco Companies, Inc. is headquartered

Location

Headquarters

HQ city: Indianapolis
HQ country: United States
HQ region: North America

Offices11 records

Markets served

Hurco Companies, Inc. business model

Business model

GTM type: B2B
Offering type: Hardware or Manufacturing
Cost components: Operations, Personnel, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

CNC Machine Tool Sales: Sale of computerized CNC machine tools under three brands: Hurco, Milltronics, and Takumi, along with high-value machine tool components and accessories and automation solutions
Sales and Service Fees: Service fees from after-sale support, application engineering, and maintenance services provided through global distribution network

Go-to-market motion1 record

Distribution channels3 records

Marketing channels1 record

Hurco Companies, Inc. product offering

Product offering

Core offering

Hurco Companies, Inc. designs and produces interactive, PC-based computer control systems, software, and computerized CNC machine tools sold to the metal working industry through a worldwide sales, service, and distribution network. The company markets three brands of CNC machine tools—Hurco, Milltronics, and Takumi—equipped either with proprietary interactive WinMax controls and patented conversational programming software developed in-house, or with third-party industrial controls. The portfolio is complemented by high-value machine tool components and accessories manufactured by Italian subsidiary LCM Precision Technology S.r.l., plus automation solutions.

Product overview

Hurco Companies, Inc. is an industrial technology company that operates as a platform of three distinct CNC machine tool brands. The core offering consists of Hurco, Milltronics, and Takumi brand computer numeric control (CNC) machine tools sold to the worldwide metal cutting and metal forming industry. Two brands (Hurco and Milltronics) feature proprietary interactive controls and conversational programming software (WinMax) developed in-house, while the Takumi brand uses third-party industrial controls. The portfolio is complemented by LCM Precision Technology electro-mechanical components and accessories, plus automation solutions that integrate with any machine tool. End markets include aerospace, defense, medical equipment, energy, transportation, and computer equipment manufacturers.

Differentiator

Problem solved

Functional benefit

Brands

Hurco: CNC machine tool brand equipped with interactive controls with proprietary software; designs controls and develops software
Milltronics
Takumi
WinMax

Products and services

Hurco CNC Machine Tools Hurco brand computer numeric control (CNC) machine tools equipped with interactive controls and the company's proprietary WinMax software designed in-house. These machines target the worldwide metal cutting and metal forming industry, serving independent job shops, short-run manufacturing operations, and production-oriented manufacturers in aerospace, defense, medical equipment, energy, transportation, and computer equipment industries. The brand includes higher-performance 5-axis vertical milling machines serving demanding machining applications.
Milltronics CNC Machine Tools Milltronics brand CNC machine tools equipped with interactive controls that include proprietary software developed by Hurco. The product line includes toolroom machines and 3-axis vertical milling machines, targeting job shops and manufacturing operations.
Takumi CNC Machine Tools Takumi brand CNC machine tools equipped with industrial controls produced by third parties, allowing customers to choose the type of control added to the machine. The product line includes 5-axis and vertical milling machines, serving the Asia Pacific region and other global markets with higher-performance machining capabilities.
Automation Solutions Automation solutions that integrate with any machine tool, designed to enhance manufacturing productivity. These solutions work with Hurco's three CNC machine tool brands as well as third-party equipment and are sold as part of the company's product portfolio.
LCM Precision Technology Components and Accessories High-value electro-mechanical components and accessories manufactured by Hurco's wholly-owned Italian subsidiary LCM Precision Technology S.r.l., sold through the company's global distribution network as part of Hurco's product portfolio.

Quantifiable outcome

Orders increased 41% year-over-year to $61.6 million in Q2 FY2026
+3 more outcomes

Companies that use Hurco Companies, Inc.

Customer profile

Segments3 records

Ideal customer profiles3 records

Hurco Companies, Inc. technology and API

Technology

Technology focussed Yes

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Feature4 records

Hurco Companies, Inc. partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

LCM Precision Technology S.r.l.coreOthersWholly-owned Italian subsidiary that manufactures electro-mechanical components and accessories. Manufacturing operations contribute to the company's product portfolio and European sales.

Scale indicators11 records

Recent moves5 records

Expansion highlights5 records

Hurco Companies, Inc. competitors and assessment

Company assessment

Direct peers

Haas Automation: Largest US-based CNC machine tool manufacturer producing vertical machining centers, lathes, and special-purpose machines. Closely comparable to Hurco's core offering for independent job shops and short-run production in the metalworking market.
Tormach Inc. Small US CNC machine tool maker focused on small business, education, and prosumer markets with PC-based controls and conversational software. Highly comparable to Hurco's Milltronics/Hurco job-shop positioning.
Methods Machine Tools, Inc. US-based supplier and integrator of CNC machine tools (including Hurco competitors) with nationwide service and applications support. Closely comparable sales-and-distribution model to Hurco's direct-plus-dealer channel in North America.

Broad incumbents

FANUC Corporation: World-dominant supplier of CNC controls (the same controls used in Hurco's Takumi brand), robots, and Robomachine small CNC centers. The principal controls ecosystem alternative to Hurco's WinMax.
Makino Milling Machine Co., Ltd. High-precision CNC machine tool maker especially strong in aerospace and mold/die applications. Competes with Hurco's higher-performance 5-axis and vertical milling product lines.
DMG Mori Co., Ltd. Global leader in CNC machine tools (turning, milling, additive) with multi-billion revenue scale, much broader portfolio and service network than Hurco. Direct competitor across Hurco's metal cutting end markets.
Yamazaki Mazak Corporation: Privately-held Japanese CNC machine tool major with global manufacturing footprint and a comprehensive line of multi-axis machines, automation, and controls. Competes with Hurco across job shop and production-oriented segments.
DN Solutions (formerly Doosan Machine Tools): Korean CNC machine tool manufacturer with global footprint offering turning and machining centers. Competes against Hurco particularly in North America and Asia in mid-market job shops and production environments.
Okuma Corporation: Japanese CNC machine tool and proprietary OSP control system manufacturer. Highly comparable to Hurco's integrated controls-plus-machine strategy, with broader global scale.
GF Machining Solutions (Georg Fischer): Division of Swiss industrial conglomerate Georg Fischer producing high-precision CNC milling, EDM, and laser machines. Competes with Hurco in demanding aerospace, automotive, and medical machining applications.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Hurco Companies, Inc. financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Hurco Companies, Inc. leadership team

Management profile

Number of profiles

Profiles3 records

Hurco Companies, Inc. subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

Hurco Companies, Inc. funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Hurco Companies, Inc. M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hurco Companies, Inc.

What does Hurco Companies, Inc. do?

Is Hurco Companies, Inc. a public or private company?

Hurco Companies, Inc. is a public company. It is classified as public and is currently operating.

When was Hurco Companies, Inc. founded?

Hurco Companies, Inc. was founded in 1968.

Where is Hurco Companies, Inc. based?

Hurco Companies, Inc. is headquartered in Indianapolis, United States, in the North America region.

How does Hurco Companies, Inc. make money?

Two revenue lines are on record. CNC Machine Tool Sales are the primary driver. The others are sales and Service Fees.

Who are Hurco Companies, Inc.'s main competitors?

Direct peers on record are Haas Automation, Tormach Inc. and Methods Machine Tools, Inc.. Broad incumbents are FANUC Corporation, Makino Milling Machine Co., Ltd., DMG Mori Co., Ltd., Yamazaki Mazak Corporation, DN Solutions (formerly Doosan Machine Tools), Okuma Corporation and GF Machining Solutions (Georg Fischer).

Does Hurco Companies, Inc. have an API?

No public API is recorded for Hurco Companies, Inc..

What industry is Hurco Companies, Inc. in?

Hurco Companies, Inc.'s product category is Industrial CNC Machine Tools. Its primary akta.pro industry code is IMAHADAA, CNC Machine Tools (Turning, Milling, Machining Centers), with a secondary code of IMAHAHAH, Industrial Controllers & Control Systems (PLCs, PACs, CNC Controllers). Its NAICS code is 333517 and its SIC code is 3541.